NFT News Daily TheBittimes.com

Only 34% of Canadians still believe that crypto “will play a key role in the future,” though the number of those able to give a basic definition of digital currencies has risen slightly. The number of crypto hodlers in Canada dropped slightly in 2023, but the average value of their holding s rose significantly. However, 77% of respondents regret investing in crypto assets, according to a survey published by the Ontario Securities Commission (OSC). The OSC published a “Crypto Assets Survey 2023,” on Nov. 29, conducted in partnership with Ipsos at the end of May. The survey interviewed 2360 Canadians, selected to reflect the accurate proportion of the country’s population by gender, age and region. Perhaps due to the period when the research was done, its results reflect a general pessimism toward crypto in the country’s population. While the number of Canadians able to give a basic definition of crypto rose from 51% in 2022 to 54% in 2023, only 34% of them now believe that crypto “wil...

With its notable rise in value over the last month, Bitcoin (BTC) is posting solid numbers, which spells profit for its most prominent corporate holder, MicroStrategy, and its co-founder, Michael Saylor. Over three years ago, Saylor unveiled a strategy that focused on the aggressive obtaining and holding of the most popular cryptocurrency available, called the ‘ Bitcoin Initiative .’ This strategy is based on acquiring the crypto asset despite its price and market conditions, and, recently, it seems to be paying off. In the previous month, MicroStrategy obtained an additional 155 BTC for $5.3 million and now holds 158,400 BTC, Saylor announced in an X post on November 1. Just over a month ago, things were looking bleak for this investment, as it posted -$500 million in unrealized losses. However, MicroStrategy is now up over $936 million in profit on its 158,400 Bitcoin holding s, based on its current price at the time of publication. Its October investment alone, which cost $5.3 ...